Fire Capital Management LLC Makes New Investment in AutoZone, Inc. (NYSE:AZO)

Fire Capital Management LLC acquired a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 115 shares of the company's stock, valued at approximately $368,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its stake in AutoZone by 5.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock valued at $195,000 after buying an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its holdings in shares of AutoZone by 2.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock valued at $487,000 after purchasing an additional 3 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after buying an additional 3 shares during the last quarter. PDS Planning Inc lifted its position in shares of AutoZone by 2.3% during the 4th quarter. PDS Planning Inc now owns 132 shares of the company's stock worth $423,000 after purchasing an additional 3 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its stake in AutoZone by 0.8% during the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock valued at $1,188,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Insider Buying and Selling

In other AutoZone news, VP Domingo Hurtado sold 4,800 shares of the firm's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the transaction, the vice president now owns 159 shares in the company, valued at $581,940. This trade represents a 96.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip B. Daniele sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. This represents a 92.46% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,521 shares of company stock valued at $42,177,331. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AZO. BMO Capital Markets reiterated an "outperform" rating and set a $4,100.00 price target (up previously from $3,850.00) on shares of AutoZone in a research note on Wednesday. Guggenheim raised their price target on shares of AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a report on Wednesday. Roth Capital set a $3,763.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. Wedbush reaffirmed an "outperform" rating and issued a $3,700.00 target price on shares of AutoZone in a research note on Wednesday, March 5th. Finally, Mizuho upped their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, AutoZone has an average rating of "Buy" and an average target price of $4,054.52.

AutoZone Stock Up 1.3%

Shares of AutoZone stock traded up $46.58 on Friday, hitting $3,736.21. The stock had a trading volume of 190,971 shares, compared to its average volume of 129,948. The stock has a market cap of $62.70 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. The business's 50 day moving average is $3,698.83 and its two-hundred day moving average is $3,466.57. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). The firm had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.41 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $36.69 earnings per share. As a group, equities analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.